Federal EV Infrastructure Development: Investing in America

2023 Mercedes EQB
 

The electric vehicle market is booming and it’s in no small part to federal infrastructure plans! In an effort to expand manufacturing and clean energy usage, the Biden-Harris Administration has put forth the Investing in America agenda. This set of commitments aims to create more jobs, competition, and infrastructure in the clean energy sector, with a focus on selling more electric vehicles and building a larger network of charging stations across the country.

 

Many states have already submitted plans to improve their current EV charging infrastructure under this commitment, including California. Combined with the passage of the Inflation Reduction Act, there are now plenty of incentives for Irvine drivers to look forward to when they switch to a plug-in hybrid or EV! Get all the details about how the current federal EV infrastructure development will affect you and your electrified vehicle choices with Mercedes-Benz of Foothill Ranch.

The National Electric Vehicle Infrastructure (NEVI) Formula Program

As part of the Bipartisan Infrastructure Law passed in 2021, the National Electric Vehicle Infrastructure (NEVI) Formula Program was formed. This program is set to invest five billion dollars over five years to expand EV charging infrastructure across the nation. The goal is to create EV charging corridors for both personal and commercial vehicles, making charging more accessible to drivers across the country. Soon, EV charging stations may be as easy to find as gas stations in Orange County, making the switch from gas engines to electric systems simpler.

The Inflation Reduction Act

Infrastructure is only one part of the equation. That’s why, in the Inflation Reduction Act, the Biden-Harris Administration also added and expanded tax credits for the purchases of new and pre-owned electric vehicles! These incentives don’t stop at personal vehicles, either– incentives are also offered for electrified heavy-duty vehicles and commercial fleets. Trabuco Canyon drivers and companies are jumping on these kickbacks, with companies like Uber and Zipcar making commitments to electrify their services.

Explore the Benefits of the Mercedes EQ Lineup at Mercedes-Benz of Foothill Ranch!

As infrastructure continues to be built and companies commit to further expanding their charging locations, there’s never been a better time to join the EV market! Take a look at the Mercedes EQ lineup to see how you can enjoy both tax benefits and the luxury of a Mercedes-Benz with your next electric vehicle. Contact us online or at 949-415-3135 to set up an appointment at our Foothill Ranch dealership, and our team will go over all the ways you can save on your next electrified Mercedes-Benz.

 

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